US housing market is crashing
karma for the muttoids sperging about evergrande
People are waiting for interest rates to come down, it's not rocket science. Not saying the economy isn't a house of cards, it is, but people don't want to pay more for the same thing.
>>535469241Damn that's crazy. What is this like the 7th time this year housing is crashing?
>>535469241Lord willin
>>535469241old news
You can either have affordable housing or jews running your country. It really is that simple.
>>535469241it's crashing upward
>>535469241In flyover and there is a bidding war on every home under $400k, so in short, no
1951 700ft2 2br1ba cottage style charmer on 2000ft2 lot in nice neighborhood. Renovated in 1992. $1,400,000 firm. No lowballs, I know what I got.
>>535470091examples?
>>535469241what is the scary part?
>>535469241Why are housing prices not going down? Demand and supply? Invisible hand?
>>535469241I was house shopping in 2016 but I didn't buy because I listened to shills like you who said the next crash was right around the corner.
>>535469241JFL at any wagies who think "finally!! its over for those landlords and home sellers!! it's 2008 again, the bubble is over!!"No, you fucking loser. It's not 2008 again, things are massively different now. Now it's not going to crash, I know that for a fact. I promise you, with full certainty, it will not crash.How do I know that? Well, I've been posting about economic theory on /pol/ for a while now, to the point that some people started to recognize my writing style and bullying me, for saying things they don't understand. Economic theory is how I know.The housing market can't crash because the demand for housing is not speculative this time, its very real, demand for RENT (which is not speculative, people rent just to live there) is through the roof, due to increases in population in cities. The only way to resolve it is to build more homes, but they need licenses for that, and the government does not want to issue them, because they want boomers to be rich. And no one can build homes without a license, armed men would tear it down.So basically, home prices are not going to "crash", anymore than taxes are going to crash, because they are directly imposed by the government. The same government you cheer for because they owned the libs or something.
>>535470865it fails when the houses are owned by boomers who are entitled and would rather the banks repossess their house than sell to the younger generation for a lower price
>>535469241>miggers will say this is great after months of shilling china collapse over this shit
>>535470865it's capitalism and the banks, of coursesupply and demand thing is a lie, dont believe those lies from people who give incomprehensible explanations. people who sell homes write whatever price they want, the supply and demand "law" is not actually forcing them to ask for a higher price, they're just greedy and that's their excuse>oh i was going to sell for 50k but supply and demand said 500k, what can i dokekthe invisible hand is also a lie, you can see the housing market is completely free, no government involvement whatsoever, and what happens is prices only get higher, we need government involvement
>>535469241I will never get out of my 2.7% covid home loan. you fucking kikes. I am also paying almost 1k over on each payment. going strait to principal. fuck the money lender.
>>535471487>I am also paying almost 1k over on each payment. going strait to principalthis is retarded if interest is that low
>>535471513Yeah just get that extra 1k and put it into a good income / growth portfolio will yield much more than 2.7%
>>535471127They should've gone down to be fair. Nobody could've expected that the government's around the world were planning a group suicide. We are in truly unprecedented times were every single economic principle is being thrown into the trash. Leaders around the world have borrowed and printed so much money that returning to a healthy economy is actually impossible. We are now at the point where there is literally no downside to just becoming more in debt because there is no plan in place to pay it off anyway.We are seeing the ramifications of these decisions every single day and there really is no turning back now.
